LONDON: British engineering company Meggitt warned that its growth in 2020 would be constrained by the impact of the halt to production of Boeing’s 737 MAX aircraft, combined with the disruption caused by coronavirus.
The company said that organic revenue growth in 2020 would come in at between 2% to 4%. That compared with the 8% rise in organic revenue growth for 2019 which it posted yesterday, helping drive underlying operating profit up by 10% to 402.8 million pounds (US$522.19mil). - Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!